colorado unemployment insurance charts...colorado unemployment insurance charts through week ending...

COLORADO UNEMPLOYMENT INSURANCE CHARTS

THROUGH WEEK ENDING JULY 18, 2020

COLORADO DEPARTMENT OF LABOR AND EMPLOYMENT

19,745

61,583

46,065

104,21

7

67,334

38,384

28,164

22,483

17,825

15,603

12,149

12,941

10,270

9,88

2

8,56

6

7,85

4

10,506

8,48

6

0

20,000

40,000

60,000

80,000

100,000

120,0001/4/20

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Week Ending Date

Colorado Regular Unemployment Insurance Initial Claims

2019 Weekly average = 1,900High week = 3,162 (12/7/19)

2009‐2010Weekly average = 4,800High week = 7,749 (1/9/10)

Source: Colorado Department of Labor and Employment; Employment and Training Administration*Initial claim: a claim filed to establish benefit eligibility. Initial claims are considered a reliable leading indicator of economic activity.**Regular UI claims only reflected in this chart, does not include initial claims which stemmed from extended benefit programs during the Great Recession. Also excludes UCFE (federal)and UCX (ex‐servicemember) claims.

40,906

13,149

9,12

5

7,63

3

6,63

5

6,41

4 10,151

17,945

10,385

5,14

6

4,59

5

4,74

4 7,91

2

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,0001/4/20

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Week Ending Date

Colorado Pandemic Unemployment Assistance (PUA) Initial Claims

Source: Colorado Department of Labor and Employment; Employment and Training Administration*Initial claim: a claim filed to establish benefit eligibility. Initial claims are considered a reliable leading indicator of economic activity.**Pandemic Unemployment Assistance claims only reflected in this chart; program started in Colorado week ending April 25, 2020. Claims totals for week ending 6/27 to 7/11 revised from previously reported.

73,548

166,35

7

171,07

4

228,07

1

228,00

6

261,12

4

245,74

5 264,60

3

243,82

8 262,91

5

241,96

2

258,36

4

236,37

6

245,06

4

227,32

0

238,00

6

0

25,000

50,000

75,000

100,000

125,000

150,000

175,000

200,000

225,000

250,000

275,0001/4/20

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Week Ending Date

Colorado Regular Unemployment Insurance Continued Weeks Claimed



Source: Colorado Department of Labor and Employment; Employment and Training Administration*Continued weeks claimed: a claim filed to request payment for a given week after eligibility has been established. Weeks claimed provide information as to current labor market conditions.**Regular UI claims only reflected in this chart, does not include continued claims which stemmed from extended benefit programs during the Great Recession. Also excludes UCFE (federal)and UCX (ex‐servicemember) claims.

WELDMOFFAT

MESA

BACA

PARK

YUMA

LAS ANIMAS

ROUTT

GUNNISON

LINCOLN

LARIMER

PUEBLO

GARFIELD

BENTSAGUACHE

KIOWA

LOGAN

RIO BLANCOGRAND

EL PASO

EAGLE

ELBERT

MONTROSE

LA PLATA

DELTA

WASHINGTON

OTERO

KIT CARSON

JACKSON

ADAMS

CHEYENNE

PROWERS

MONTEZUMA

FREMONT

PITKIN

MORGAN

HUERFANO

CONEJOS COSTILLAARCHULETA

DOLORES

SAN MIGUEL CUSTER

DOUGLAS

PHILLIPS

BOULDER

LAKE

ALAMOSA

ARAPAHOE

HINSDALE

CHAFFEE

MINERAL

CROWLEY

SUMMIT

OURAY

TELLER

RIO GRANDE

JEFFERSON

SEDGWICK

SAN JUAN

CLEAR CREEKGILPIN

DENVERBROOMFIELD

Continued Weeks Claimed as Share of February 2020 Total Employment

% of EmploymentLess than 3.0%3.0% to 5.9%6.0% to 8.9%9.0% to 11.9%12.0% +

Source: Colorado Department of Labor and Employment; Bureau of Labor StatisticsNote: County-level data most recent available; regular UI only

*** For Week Ending July 4, 2020 ***

104,71

3

92,190

92,584

96,779

101,51

0

105,61

3

126,59

2

188,02

7

130,30

1

94,822

89,955

92,576

90,209

0

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50,000

75,000

100,000

125,000

150,000

175,000

200,0001/4/20

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Week Ending Date

Colorado Pandemic Unemployment Assistance (PUA) Continued Weeks Claimed

Source: Colorado Department of Labor and Employment; Employment and Training Administration*Continued weeks claimed: a claim filed to request payment for a given week after eligibility has been established. Weeks claimed provide information as to current labor market conditions.**Pandemic Unemployment Assistance claims only reflected in this chart; program started in Colorado week ending April 25, 2020. Claims totals for week ending 6/27 to 7/11 revised from previously reported.

3 0 1 3 49 67

4 2 9 1 0

113

972 1,032

1,494

1,294

1,202

953

1,159 1,141

568

1,595

869

551

753

388 331

240 220

0

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800

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Week Ending Date

Colorado Short‐Time Compensation (Work‐Share) Initial Claims

Source: Colorado Department of Labor and Employment; Employment and Training Administration*Short‐Time Compensation (STC) Equivalent Initial Claim: this is the equivalent of the full time layoff initial claims that would have taken place if not for the STC program.**As of July 1, 2020 there were 1,082 Colorado employers with active work‐share plans. Prior to outbreak of COVID‐19 there were 6 employers with active work‐share plans.***Combined number of Federal‐State UI Extended and State UI Additional Compensation Program claims reflected in this chart.****For more information on the STC program, go to: https://oui.doleta.gov/unemploy/docs/stc_fact_sheet.pdf and https://www.colorado.gov/pacific/cdle/layoffassistance.

2 0 0 0 0 2 92 19 100 12 90 15 166

859

1,386

2,461

2,786

3,348 3,313

4,000

3,678

4,265 4,011

5,045

4,357

5,469

4,600

5,583

0

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Week Ending Date

Colorado Short‐Time Compensation (Work‐Share) Continued Claims

Source: Colorado Department of Labor and Employment; Employment and Training Administration*Short‐Time Compensation (STC) Equivalent Continued Weeks Claimed: this is based on the proportion of the week being claimed. **As of July 1, 2020 there were 1,082 Colorado employers with active work‐share plans. Prior to outbreak of COVID‐19 there were 6 employers with active work‐share plans.***Combined number of Federal‐State UI Extended and State UI Additional Compensation Program claims reflected in this chart.****For more information on the STC program, go to: https://oui.doleta.gov/unemploy/docs/stc_fact_sheet.pdf and https://www.colorado.gov/pacific/cdle/layoffassistance.

1.4% 1.

8%

2.4%

3.0%

3.7%

4.4%

5.1%

5.7%

6.4%

7.0%

7.7%

8.3%

8.8% 9.0% 9.2%

0%

1%

2%

3%

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5%

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7%

8%

9%

10%1/4/20

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Week Ending Date

Colorado Insured Unemployment Rate

2019 Weekly average = 0.71%High week = 0.85% (3/30/19)

2009‐2010Weekly average = 3.01%High week = 3.52% (4/10/10)

Source: Colorado Department of Labor and Employment; Employment and Training Administration*Insured unemployment rate (IUR): estimates the share of the State’s UI‐covered workforce claiming UI benefits.**Regular IUR only reflected in this chart, does not include calculation of IUR if claims from extended benefits programs during the Great Recession were included. Also excludes UCFE (federal) and UCX (ex‐servicemember) claims.

72,248

159,91

7

187,82

8

227,50

5

226,57

5

260,74

1

244,49

0 265,33

6

243,85

2 263,35

7

242,63

9 260,00

9

237,73

8

242,25

1

230,15

8

233,04

6

0

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50,000

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225,000

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275,000

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Week Ending Date

Colorado Unemployment Insurance Weeks Paid



Source: Colorado Department of Labor and Employment*Weeks paid: payment made for a week after eligibility has been established. Not all weeks claimed result in a week paid because claimant may not be available to work,may have earnings that exceed the allowed amount, or other reasons.

**Regular UI, UCFE (federal), and UCX (ex‐servicemember) weeks paid reflected in this chart. Does not include weeks paid which stemmed from extended benefit programs during the Great Recession.

$29.8

$62.0

$74.1

$86.1

$84.8

$96.0

$88.8 $9

5.3

$86.2

$93.1

$84.6 $9

0.4

$81.8

$83.6

$79.0

$80.9

$0

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$20

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$1001/4/20

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Millions

Week Ending Date

Colorado Regular Unemployment Insurance Benefit Amounts Paid

2019 Weekly average = $7.1mHigh month = $36.9m (Dec)

2009‐2010Weekly average = $19.0mHigh month = $102.8m (May '09)

Source: Colorado Department of Labor and Employment**Regular UI benefit payment amounts only reflected in this chart, does not include benefit payments which stemmed from extended benefit programs during the Great Recession. Also excludes UCFE (federal) and UCX (ex‐servicemember) claims.

$30 $6

2 $74 $86

$85 $96

$89

$95

$86

$93

$85

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$84

$79

$81

$35

$30 $3

6

$31 $29

$31 $34

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$247

$160

$156

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$143

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$139

$141

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Week Ending Date

Colorado Unemployment Insurance Benefit Amounts Paid(Regular UI, PUA, FPUC, and PEUC)

Regular UI PUA FPUC PEUC

Source: Colorado Department of Labor and Employment**This chart reflects benefits payment amounts for the following programs: Regular UI (black bar); Pandemic Unemployment Assistance (PUA) (red bar), for self‐employed, contract and gig workers;Federal Pandemic Unemployment Compensation (FPUC) (green bar), which, as part of the CARES Act, provides eligible regular UI and PUA claimants an extra $600 in federal benefits each week throughJuly 25, 2020; and Pandemic Emergency Unemployment Compensation (PEUC) (purple bar), which, as part of the CARES Act, extends unemployment benefits by up to 13 weeks. PUA and FPUC amountsfor week ending 4/25/20 include backdated benefits prior to the week of April 25th. PEUC program became active in Colorado in early July.

Weekly Total,All Programs(in millions)

$369

$275$288

$266$284

$263

$285 $281$296

$250 $250$242$253

$515

$1,753

$2,207

$1,789

$1,231

$919

$540 $536 $535$454 $393 $386

$3,882

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

*

Millions

Week Ending Date

Annual Colorado Unemployment Insurance Benefit Amounts Paid(Combined Amounts for All Active** UI Programs by Year)

Source: Colorado Department of Labor and Employment*2020 totals through July 18, 2020.**Every year includes regular UI, UCFE (federal) and UCX (ex‐servicemember) benefit amounts. Additionally, totals from 2008 ‐ 2019 include Emergency Unemployment Compensation (EUC) andState Extended Benefits (SEB), when applicable; while totals from 2020 reflect programs highlighted in the prior chart.

0

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175,000

200,000

225,000

250,000

275,000

300,000

325,000

350,000

375,000

400,000Jan‐09

May‐09

Sep‐09

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May‐20

Number of Persons Receiving a UI Payment by Month

Regular State UI EUC08 (all tiers) PUA State Extended Benefits Total

June 2020Regular State UI = 278,286PUA = 97,221UCFE/UCX = 551Total = 376,058

February 2010Regular State UI = 71,117 EUC08 (all tiers) = 73,071State Extended Benefits = 1,985UCFE/UCX = 1,928Total = 148,101

Source: Colorado Department of Labor and Employment*Number of persons receiving UI payment by month and program: updated once per month, at the beginning of month. Count of UI payment by program type based upon relationship between last payment received and associated program. Data related to new unemployment compensation programs will be incorporated into this report as they become available (PUA added April 2020).

colorado unemployment insurance charts...colorado unemployment insurance charts through week ending...

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